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4326 Mountain Road

Hyatt Commercial Facilitates Sale Of Office Space In Pasadena, MD For $1.2M
SOLDOffice

Hyatt Commercial Facilitates Sale Of Office Space In Pasadena, MD For $1.2M

4326 Mountain Road

$1,200,000

$131/SF

Building Size

9,159 SF

Asset Type

Office

Closing

Oct 9, 2023

AI

A 9,159 square-foot office space located at 4326 Mountain Road in Pasadena, MD has been sold for $1.2 million. The property will be converted into a church facility for the House of Mercy Church of God. This transaction was facilitated by Hyatt Commercial's brokers George Shenas, Judith Neighoff, and Justin Mullen. The successful sale demonstrates Hyatt Commercial's commitment to innovative property repurposing and high-quality service.

Summary of transaction details

  • Property Type: Office
  • Sale Price: $1,200,000
  • Square Footage: 9,159
  • Price per Square Foot: $131
  • Address: 4326 Mountain Road, Pasadena, MD
  • Market: Pasadena, MD

Hyatt Commercial's brokers, including George Shenas, Judith Neighoff, and Justin Mullen, played a key role in the successful sale of this office space. Their expertise and dedication to providing high-quality service allowed for the seamless conversion of the property into a church facility for the House of Mercy Church of God.

Players

Justin Mullen

Hyatt Commercial

Broker

$49.3M

vol

7 deals

Broker

Mountain Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93